Cuomo's campus-business plan would cap income-tax breaks

5:27 AM,
Jun. 11, 2013

Written by

Joseph Spector
Albany Bureau Chief

Gov. Andrew Cuomo released legislation Monday that would allow for tax-free development near college campuses, including in parts of New York City and its suburbs, and limit the income-tax breaks for wealthy workers in the designated areas.

Cuomo's proposal, called Tax-Free NY, would let businesses pay no taxes for 10 years if they locate near some public or private colleges. It's mainly targeted for upstate to bolster the region's economy, yet it does include provisions to help downstate, including Westchester County, as a way to garner support in the Legislature from lawmakers who ...